Privately-owned airline Virgin Atlantic said yearly profits nearly doubled, but warned the weak economic environment would make it almost impossible for airlines to make a profit in the current year.
Privately-owned airline Virgin Atlantic said profits nearly doubled during the year to end February, despite the high fuel prices and economic slowdown that has devastated the industry.
Lehman Brothers Holdings Inc's U.S. estate administrators will ask a federal judge on Tuesday to approve a framework for coordinating bankruptcy proceedings for the bank's subsidiaries worldwide, putting them at odds with its administrators in the UK, the Wall Street Journal said.
Major world economies including member nations of the the Group of 8 officially launched a partnership yesterday to accelerate the implementation of energy efficient measures in their economies.
North Korea conducted a second nuclear test on Monday that was far more powerful than its first one, triggering an emergency U.N. Security Council meeting on the hermit state's defiant act and drawing condemnation from around the globe.
Japan raised its economic outlook for the first time in three years on Monday, and an important measure of German business sentiment rose in May in further signs the worst of the global recession may be over.
Iran's President Mahmoud Ahmadinejad on Monday rejected a Western proposal for it to freeze its nuclear work in return for no new sanctions and ruled out any talks with major powers on the issue.
Top emitters of greenhouse gases tried on Monday to break a deadlock about sharing the burden of cuts in a U.N. climate pact, and Washington rejected charges that it was lagging Europe in fighting global warming.
World leaders condemned North Korea for carrying out nuclear and missile tests and U.S. President Barack Obama said Pyongyang's actions were a reckless challenge warranting action from the international community.
North Korea conducted an underground nuclear test on Monday, stoking tension across the regional economic powerhouse of East Asia and prompting U.N. Security Council members to call an emergency meeting.
Susan Boyle, the frumpy Scottish spinster whose amazing voice has become a global YouTube sensation, stunned audiences again on Sunday as she was voted through to the final of Britain's Got Talent.
Britain’s singing sensation, Susan Boyle made another appearance on Britain’s Got Talent show performing “Memory” from the musical Cats.
Internet sensation Susan Boyle, whose performance on Britain's Got Talent last month has been watched on YouTube by tens of millions of people and made her a global celebrity, returns to the competition on Sunday.
The world grouping OECD said on Friday the global economy was out of free fall, offering hope of recovery late this year, but investors focused on risks to the U.S. credit rating from rising government debt.
European foreign ministers will press Myanmar at an Asia-Europe meeting next week to end the trial of opposition leader Aung San Suu Kyi, but analysts expect only lukewarm backing from their Asian counterparts.
Contraction in world economic output appears to be slowing and a recovery could begin at the end of this year, Organization for Economic Development and Cooperation chief Angel Gurria said on Friday.
Stocks headed for a higher open on Friday as reassuring comments from Moody's tempered fears about the credit rating outlook for the United States, while higher oil prices lifted energy shares like Exxon Mobil.
EBay has won a UK court battle against French cosmetics group L'Oreal, which had claimed the online marketplace was jointly liable for trademark infringements committed by its users.
World economic grouping OECD said on Monday the global economy had come out of free fall, offering hope of incipient recovery late this year to investors and markets unnerved by rising U.S. government debt.
EBay has won a UK court battle against French cosmetics group L'Oreal which had claimed the online marketplace was jointly liable for trademark infringements committed by its users.
Oil hovered above $61 a barrel on Friday, off six-month highs the previous day, as disappointing jobs and factory data dented hopes that the economy of the United States, the world's top energy user, was set for a quick rebound.
Stock index futures pointed to a higher open on Wall Street on Friday, after the previous session's sell-off, with General Motors in focus after sources said Washington has no plans to push the troubled carmaker into bankruptcy.
